New Deal Review

Why were "bank holidays" declared during the depression?

• Employees needed a break

• To prevent bank runs

• To cause the dollar to lose value

• Help out the Federal Reserve

FDR's advisers that supported "New Nationalism" suggested

• Working with businesses

• Running key parts of the economy

• Breaking up large companies

• Setting up welfare programs

What was the first thing FDR did to fight the depression

• Provide direct relief to people

• Set up public works programs

• Restore confidence in the banks

• Provide relief for farmers

Congress created what to regulate the stock market

• Federal Trade Commission

• Securities and Exchange Commission

• National Recovery Administration

• Social Security Administration

What did the Townsend plan suggest?

• Free up jobs for the unemployed

• Redistribute the wealth

• Nationalize the banking systems

• End the public works program

The Social Security Act was meant to be

• An insurance measure

• A welfare measure

• A retirement pension measure

• A relief measure

The "Court packing plan backfired on FDR because

• Many Americans opposed the idea of forced retirement

• The angry judges reacted by striking down much of the New Deal laws

• It appeared to interfere with the Constitution’s separation of powers

• The angry judges struck down the plan as unconstitutional

FDR's advisers disagreed on a lot of things but most favored

• Promotion of competition

• Assistance to small business

• Involvement in health care

• Intervention in the economy

How did the Emergency Banking Relief Act help solve the banking crisis

• Putting all banks under government operation

• Declaring that the gold standard would not be given up

• Issuing licenses to banks that the federal examiners found to be financially sound

• Closing the banks long enough for the Federal Reserve to replenish their gold reserves

The AAA tried to help farmers by?

• Helping small farmers become more efficient

• Paying them not to grow crops

• Buying farm supplies

• Making land available for farming